Summarized transactions for January 2016 were as follows Repair services performed during January: for cash $4,200; on account $1,200 Rent Expenses for January, paid in cash, $1,500 Carter's drawings during January were $2,500 Additional tools &equipment purchased on account $4,000 Cash collected from customer on account $2,000 Cash paid to supplier on account $2,500 Instructions: Prepare journal entries of the January transactions.
Carter owns Electronics Service Centre, which had the following
Trial Balance December 31, 2019
Accounts
Debit
Credit
Cash
6,050
2,450
Carter's Capital
14,100
Accounts Payable
3,425
Tools and Equipment
9,025
17,525
17,525
Summarized transactions for January 2016 were as follows
Repair services performed during January: for cash $4,200; on account $1,200
Rent Expenses for January, paid in cash, $1,500
Carter's drawings during January were $2,500
Additional tools &equipment purchased on account $4,000
Cash collected from customer on account $2,000
Cash paid to supplier on account $2,500
Instructions: Prepare
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